Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 67.4 per cent of Canadian provincial bond trading in 2024
- Attractive spreads provide opportunities for investors to achieve higher returns
- Benchmark Canadian provincial borrower
- Primary focus on Canadian dollar borrowing with likely issuance in U.S. dollars and Euro
| Credit Ratings (Long-Term/Short-Term) | |
|---|---|
| Moody’s Investors Service | Aa3 / P-1 |
| Fitch | AA- / F1+ |
| Morningstar DBRS | AA / R-1(high) |
| S&P Global Ratings | AA- / A-1+ |
June 3, 2025
Foreign Denominated Bonds – NEW!
May 15, 2025
2025 Ontario Budget
Borrowing Program
2025–26 Borrowing Program
| Total Long-Term Public Borrowing: | $42.8B |
|---|---|
| Borrowed as of | $12.1B |
U.S. Dollar Bond $2.7B
Canadian Dollar Syndicated Bonds $9.3B
Note: Numbers may not add due to rounding.
Liquid Reserves
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- Ontario cash reserves for 2024–25 averaged $41.9 billion.
